Answer:
$10.
Explanation:
The key word here is a "monopolist", or an individual/company that has complete control over a certain amount of market. Marginal revenue, as defined, is an increase in revenue that results from the sale of one additional unit of output.
This is important to note, in that <em>usually when a price is raised, as long as there is comparable quality with competitors who have lower prices, an increase of price will typically lower demand for the product(s) from that individual supplier. </em>However, in holding a monopoly, <em>no matter how much or little they change the prices, as the product is in demand, the market demand would not change as much assuming all things stay the same</em> (i.e., natural demand is still the same amount as before the price change).
So, for example, that there is a natural demand for computer chips. You as well as your company, is the only company that makes computer chips, or at least you make the majority of the computer chips (>90%). This typically means that, if no other company or government has the means to be able to achieve adequate production of computer chips, and as computer chips are important in everyday products and a part of human life now, then an increase of price by $10 is justifiable under the Nature of Demand. The marginal revenue then, would be $10 (the amount increased).
Learn more about revenue, here:
brainly.com/question/13873790
Buddhism is a training in the art of everyday life. I practice everyday-throughout the day. it affects the way you work with your own mental and emotional states, the way you relate to others, the way you shop, the food you eat, and what you think is important.
‘Dark age’
Goodjob it was great however I didn’t really study in Middle Ages.
Answer:
Explanation:
World War I led to significant changes in society. It was the greatest war the world had yet witnessed, and it destroyed the heroic ideals that had accompanied wars in the past. ... People also began to break away from old societal traditions, leading to a looser, freer society.
One of the ways the legislative branch checks the executive branch is that the legislative branch has the power to impeach the president.
